Bank Islam Malaysia Bhd, the country's largest standalone Islamic bank, plans to raise RM1 billion through the sale of Islamic bonds as it looks to build a war chest for possible banking acquisitions in the region.
A source said proceeds from the subordinated sukuk, which is expected to be issued by the year end, will also be used for working capital. It is understood that the commodity Murabahah-structured sukuk, which will be arranged in-house, has received the regulatory approvals...........................................Full Article: Source